The turn in Fed sentiment was reinforced by comments from member Dudley today, adding momentum to the tide of USD losses seen across the board, though to varying degrees. Post BoJ positioning was being reversed from early London, and we eventually took out the Asia lows, but it was not until the loss of 119.00 that the stop loss selling really gathered momentum. Soft US ISM added to USD woes, contributing to the removal of 118.00 en route to 117.50 with the turn in US equities yet another

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